Magic Software Enterprises Ltd (RMTHF) Cost of Revenue (2009 - 2025)
Magic Software Enterprises (RMTHF) reported Cost of Revenue of $117.45 million for Q3 2025, up 13.7% from $103.29 million a year earlier and up 7.5% from the prior quarter.
Powered by 
Analysis
Magic Software Enterprises Ltd (RMTHF) Cost of Revenue (2009 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Magic Software Enterprises' Cost of Revenue came in at $434.05 million, up 13.2% year-over-year; for FY2024, it was $394.69 million, up 3.3% from FY2023.
- Cost of Revenue has a five-year compound annual growth rate of 12.0% (FY2019 to FY2024).
- By year, Cost of Revenue came in at $382.07 million in FY2023 (-7.1%), $411.44 million in FY2022 (+18.5%), $347.33 million in FY2021 (+32.8%) and $261.6 million in FY2020 (+17.0%).
- The Q3 2025 figure ranks as the highest quarterly Cost of Revenue in data going back to Q1 2009.
- Year over year, Cost of Revenue has now increased in each of the last six quarters, with growth averaging 4.9% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q2 2021 (growth of 39.9%); the low point was Q4 2023 (a decline of 15.9%).
- Per Business Quant data, the three quarters before Q3 2025 came in at $109.27 million (Q2 2025), $106.71 million (Q1 2025) and $100.63 million (Q4 2024).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 117.45 Mn |
| Jun 30, 2025 | 109.27 Mn |
| Mar 31, 2025 | 106.71 Mn |
| Dec 31, 2024 | 100.63 Mn |
| Sep 30, 2024 | 103.29 Mn |
| Jun 30, 2024 | 97.41 Mn |
| Mar 31, 2024 | 94.02 Mn |
| Dec 31, 2023 | 88.59 Mn |
| Sep 30, 2023 | 92.65 Mn |
| Jun 30, 2023 | 97.28 Mn |
| Mar 31, 2023 | 103.56 Mn |
| Dec 31, 2022 | 105.33 Mn |
| Sep 30, 2022 | 104.60 Mn |
| Jun 30, 2022 | 100.39 Mn |
| Mar 31, 2022 | 101.13 Mn |
| Dec 31, 2021 | 95.63 Mn |
| Sep 30, 2021 | 88.24 Mn |
| Jun 30, 2021 | 86.35 Mn |
| Mar 31, 2021 | 77.11 Mn |
| Dec 31, 2020 | 73.69 Mn |
API Access
Magic Software Enterprises Ltd Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=RMTHF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "RMTHF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=RMTHF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();